Hi Brandon,BrandonLowi wrote: ↑Just a FYI - though a mortgage broker, we can use 100% offset calculations. EG. You want to refinance a rental property, and currently have 3 other rentals. We can use 100% of the 3 additional rentals, minimum 50% of the subject rental, and your owner occupied would be 0% offset.
We use the difference as income or liability. This has a dramatic effect for clients on their TDS.
Please note, student rentals is a total difference ball game. Lenders are moving away from these homes.
Does this apply in general or is this specific to certian lenders?